- Software company Carta is raising $80 million at an $800 million valuation, Business Insider has learned.
- Venture firms Meritech Capital and Tribe Capital are co-leading the round, according to multiple sources.
- Carta has raised around $70 million since 2012 from investors including Menlo Ventures, Social Capital, and Union Square Ventures.
Software company Carta is raising $80 million in a funding round that values the company at $800 million, Business Insider has learned.
According to multiple people familiar with the talks, venture firms Meritech Captal and Tribe Capital are co-leading the round.
Carta is just one among a series of software-focused startups to raise funding at hefty valuations lately, with companies like AirTable and Plaid both commanding billion dollar-plus valuations in recent months.
Carta, which changed its name from eShares last year, provides equity management software to businesses. Since it was founded in 2012, the company has raised around $70 million from investors including Menlo Ventures, Social Capital, Union Square Ventures, and Industry Ventures.
Representatives for Meritech and Tribe Capital did not return requests for comment. A spokesperson for Carta declined to comment.
Source: Business insider